Leading education provider Navitas will benefit from increased demand from international students.
The 9% fall in Navitas’ share price following the interim result looked like an excessive reaction, but it’s possible the cessation of the share buyback programme and the planned transition from fully to partially franked dividends took the market by surprise. Navitas’ interim result was in line with our expectations, and we maintain our earnings forecasts; however, we’ve increased our fair value estimate very slightly to AUD 4.65 from AUD 4.58, largely to reflect the impact of the time value of...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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